Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don’t miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.
Property Details
Price:
$1,499,000
MLS #:
73240469
Status:
Active
Beds:
15
Baths:
7
Address:
10 Howard Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Salem
Listed Date:
May 20, 2024
State:
MA
Finished Sq Ft:
5,110
Total Sq Ft:
5,110
ZIP:
01970
Lot Size:
1,668 sqft / 0.04 acres (approx)
Year Built:
1900
Units:
15
Schools
Interior
Bathrooms
7 Full Bathrooms
Flooring
Wood
Heating
Natural Gas
Exterior
Community Features
Public Transportation, Shopping, T- Station
Construction Materials
Frame
Parking Features
Paved Drive
Parking Spots
1
Financial
Tax Year
2024
Taxes
$11,088
Map
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of Lux Realty North Shore. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
10 Howard Street
Salem, MA
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